Ethereum Breaks Through $400, Reaches All-Time High
From Cointelegraph
Following a rapid increase this Thursday, Ethereum has broken through a psychologically important threshold of $400, establishing a new all-time high - it hovers around $420 at press time.Read more: https://cointelegraph.com/news/ethereum-breaks-through-400-reaches-all-time-highDespite some market stagnation caused by the news of the $280 mln Parity wallet hack in early November, the second-most-popular cryptocurrency looks stronger than ever.
This most recent move comes after a similarly positive dynamic on Bitcoin, which has seen it stabilize firmly above $8,000 - it is generally accepted that most cryptocurrencies often follow the direction of BTC price.
I'm wishing I had held a little more ETH now. I can't complain too much though I've made plenty of profit in the past on the highs of ETH. I wonder if we will see a flippening any time soon?
Leave your thoughts in the comments below.
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and here people thought eth will fall because of Vitalik's heroine vs child porn scandal
I think the market place is very complex right now and for ETH to achieve a flippening will be tough. BCH covers some of the weakness of BTC and is more attractive than ETH to the BTC miners, while NEO and others may potentially become competitive with ETH, especially in Asia.
I HODL eth and am generally bullish but I just don't see a flippening soon. I'm thinking a slow increase towards about ~500 at year end.
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